Accsys Technologies PLC Director/PDMR Shareholding (8943J)

TIDMAXS

RNS Number : 8943J

Accsys Technologies PLC

15 December 2022

AIM: AXS

Euronext Amsterdam: AXS

15 December 2022

Accsys Technologies PLC

("Accsys", the "Group" or the "Company")

Director/PDMR Dealing

The following notification is made under article 19 of the Market Abuse Regulation relating to certain transactions by William Rudge, as a person discharging managerial responsibilities (PDMR) in the Shares of the Company.

 
    Details of the person discharging managerial responsibilities/person 
 1   closely associated 
a)  Name                       William Rudge 
    -------------------------  ------------------------------------------------ 
    Reason for the notification 
 2 
    --------------------------------------------------------------------------- 
a)  Position/status            Finance Director 
    -------------------------  ------------------------------------------------ 
b)  Initial notification/      Initial notification 
     Amendment 
    -------------------------  ------------------------------------------------ 
    Details of the issuer 
 3 
    --------------------------------------------------------------------------- 
a)  Name                       Accsys Technologies PLC 
    -------------------------  ------------------------------------------------ 
b)  LEI code                   213800HKRFK8PNUNV581 
    -------------------------  ------------------------------------------------ 
    Details of the transaction(s): section to be repeated for 
 4   (i) each type of instrument; (ii) each type of transaction; 
     (iii) each date; and (iv) each place where transactions have 
     been conducted 
    --------------------------------------------------------------------------- 
a)  Description of the         Ordinary shares of EUR0.05 each 
     financial instrument, 
     type of instrument 
    Identification code        ISIN GB00BQQFX454 
    -------------------------  ------------------------------------------------ 
b)  Nature of the transaction  (i) Exercise of certain nil cost options 
                                relating to the Company's Long Term Incentive 
                                Plan (LTIP), specifically 53,221 shares 
                                vested under the 2016 LTIP and 40,269 
                                shares vested under the 2017 LTIP, and 
                                (ii) the subsequent sale of 44,031 shares 
                                sold to satisfy income tax and NIC liabilities, 
                                together with the brokerage cost of selling 
                                the same 
    -------------------------  ------------------------------------------------ 
 
 
c)  Price(s) and volume(s)                                Price(s)      Volume(s) 
                                 (i) Acquisition 
                                  of shares on exercise 
                                  of share option          Nil           93,490 
                                                          ------------  ---------- 
                                 (ii) Sale of shares 
                                  to satisfy income 
                                  tax, NIC liability       GBP 0.632 
                                  and brokerage cost        per share    44,031 
                                                          ------------  ---------- 
                                 Shares retained           n/a           49,459 
                                                          ------------  ---------- 
d)  Aggregated information    (i) Exercise 
     - Aggregated volume       Volume: 93,490 
     - Price                   Price: Nil 
                               (ii) Shares sold to satisfy income tax, 
                               NIC liability and brokerage cost of sale 
                               Volume: 44,031 
                               Price GBP0.632 per share 
    ------------------------  ---------------------------------------------------- 
e)  Date of the transaction   14 December 2022 
    ------------------------  ---------------------------------------------------- 
f)  Place of the transaction  (i) Exercise of LTIPs - outside of a trading 
                               venue 
                               (ii) Sale of shares - London Stock Exchange 
                               (XLON); AIM Market 
    ------------------------  ---------------------------------------------------- 
 

Ends

For further information, please contact:

 
 Accsys Technologies PLC                   [e-mail] 
  Katharine Rycroft, Investor Relations 
 Numis Securities (London) 
  Oliver Hardy (NOMAD), Ben Stoop           [phone] 
 Investec Bank plc (London) 
  Carlton Nelson, Alex Wright               [phone] 
  ABN Amro (Amsterdam) 
  Richard van Etten, Dennis van Helmond     [phone] 
 FTI Consulting (UK) 
  Matthew O'Keeffe, Alex Le May             [phone] 
 Off the Grid (The Netherlands) 
  Frank Neervoort, Yvonne Derske            [phone] 
 

Notes to editors:

Accsys (Accsys Technologies PLC) is a fast-growing business with a purpose: changing wood to change the world. The company combines chemistry, technology and ingenuity to make Accoya(R) wood and Tricoya(R) wood elements: high performance wood products that are extremely durable and stable, opening new opportunities for the built environment and giving the world a choice to build sustainably. Accsys transforms fast-growing, certified sustainable wood into building materials with an up to 50-year warranty, locking carbon stored in the wood into useful products for decades, with performance characteristics that match or better those of non-renewable, resource-depleting and polluting alternatives. Accsys is listed on the London Stock Exchange AIM market and on Euronext Amsterdam, under the symbols 'AXS'. Visit www.accsysplc.com

Accoya(R) solid wood is sustainable, durable, and stable with exceptional performance, finish and sustainability. Accsys' proprietary acetylation process makes the wood more dimensionally stable and because it is no longer easily digestible, extremely durable. It is one of very few building materials to be Cradle to Cradle Certified(TM) at the Gold level, with a Platinum rating for Material Health, confirming that no harmful or toxic additives or chemicals are present to leach out into the environment. Primary applications for Accoya(R) wood include windows, doors, cladding and decking, where the combination of performance and sustainability benefits compete favorably against hardwoods, plastics, metals and concrete. Visit www.accoya.com

Tricoya(R) acetylated wood elements are produced for use in the fabrication of panel products such as medium density fibreboard (MDF). Panel products made with Tricoya(R) wood elements are truly durable and stable enough for use outdoors and in wet environments, unlocking new possibilities for design and construction. They have been lauded as the first major innovation in the wood composites industry in more than 30 years and bring the flexibility of traditional panel products and sustainability benefits of wood to a whole new range of applications. Visit www.tricoya.com

Any references in this announcement to agreements with Accsys shall mean agreements with either Accsys or its subsidiary entities unless otherwise specified. 'Accsys' and 'Accsys Technologies' are trading names of Titan Wood Limited ("TWL"), a wholly-owned subsidiary of Accsys Technologies PLC. Accoya(R) , Tricoya(R) and the Trimarque Device are registered trademarks owned by TWL, and may not be used or reproduced without written permission from TWL, or in the case of the Tricoya(R) registered brand trademark, from Tricoya Technologies Limited, a subsidiary of TWL with exclusive rights to exploit the Tricoya(R) brand.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHEELFFLLLEFBX

(END) Dow Jones Newswires

December 15, 2022 10:55 ET (15:55 GMT)